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Investment Highlights
- Prominent location with great visibility and access to highways. Additional land available to unlock hidden value through stratgeic development.
- Strong existing tenants benefit from a proactive property management team that has worked well with tenants on build-outs and improvements.
- Full floor vacancy allowing for a multitude of first floor uses, including freight elevator access for basement storage.
- Multi-tenant commercial building offering general office and fully equipped laboratory space intended for sustainable growth at affordable rates.
- Surrounded by a robust and well-educated workforce near dining, hospitality, and outdoor recreation opportunities with convenient Route 2 access.
- Loading access and ample power allowing for conversion to flex and industrial uses.
Executive Summary
Introducing a prime investment opportunity in the sought-after Devens submarket along Route 2 and I-495 corridor. This expansive property boasts a substantial 85,680 square foot building, currently subdivided into 6 suites ideal for a range of Industrial, Office, Lab, and R&D uses. Zoned 21, the property is strategically positioned to capitalize on the region's thriving business sector. With a robust infrastructure and ample space for day to day operations and potential growth, the property offers the chance to secure a prominent position in the heart of Devens' industrial landscape. This offering is tailor-made for forward-thinking investors seeking a strategic foothold in this dynamic market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Flex | Year Built | 1989 |
| Property Subtype | Flex Research & Development | Parking Ratio | 1.38/1,000 SF |
| Building Class | A | Clear Ceiling Height | 14’ |
| Lot Size | 10.40 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 85,680 SF | ||
| Zoning | Innovation & Tech Bus | ||
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | A |
| Lot Size | 10.40 AC |
| Rentable Building Area | 85,680 SF |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 1.38/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 1 |
| Zoning | Innovation & Tech Bus |
Amenities
- 24 Hour Access
- Bio-Tech/ Lab Space
- Conferencing Facility
- Security System
- Signage
- Yard
- Recessed Lighting
Property Taxes
| Parcel Number | DEVE-000130-000021-005000 | Improvements Assessment | $6,418,200 |
| Land Assessment | $1,221,300 | Total Assessment | $7,639,500 |
Property Taxes
Parcel Number
DEVE-000130-000021-005000
Land Assessment
$1,221,300
Improvements Assessment
$6,418,200
Total Assessment
$7,639,500
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